Professional Adviser is delighted to announce the launch of the new Working Lunches in partnership with Baillie Gifford and First State Investments. Travelling across the UK to provide valuable market insights for Senior Financial Advisers.

European cross border groups come out top

European fund groups selling cross border saw business increase 34% in 2004 compared to 32% in 2003, according to statistics from FERI Fund Market Information. Rodney Williams, managing director of FERI FMI, said: "If you look across all sectors, in overall terms the real winners were the cross border groups. Not only are foreign groups often perceived as having more specialist international investment management skills but they are far more advanced than many of their domestic rivals in understanding competitive issues in countries into which they sell."